No amicable settlement between SpiceJet and Kalanithi Maran: Sun Group

Chennai-based Sun Group said on Monday there is “no question” of making an amicable settlement with SpiceJet in connection with an interest payment the budget airline has to make in arbitration award. Later on the day, SpiceJet stated that it remains committed to finding an amicable settlement in this matter.

Media reports said on Sunday SpiceJet is in talks with Kalanithi Maran, Sun Group chairman and founder, and his Kal Airways for an amicable settlement, following a Supreme Court verdict that went against the airline. The Supreme Court has asked the airline to pay the entire arbitral amount worth more than Rs 380 crore to Maran, its former promoter, in a 2018 arbitration award case.